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ACES News

November 21, 2024

Mortgage defect growth points to emerging concern

As both origination volume and interest rates increased during the second quarter, mortgage defect rates rose too, increasing by nearly 15% compared with the first quarter, Aces Quality Management said.

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November 21, 2024

ACES Finds Second Consecutive Increase in Critical Defect Rate

ACES Quality Management, Denver, found the overall critical defect rate increased to 1.81% during the second quarter, moving closer to the precarious 2% threshold.

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November 21, 2024

ACES: Rate of Critical Defects Jumped in the Second Quarter

The rate of critical defects found in mortgages post-closing increased to 1.81% of all loans in the second quarter, according to ACES Quality Management (ACES), a provider of enterprise quality management and control software.

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November 13, 2024

Mortgage QC Software Firm ACES Adds 10 New Credit Union Clients

ACES Quality Management, which offers quality control software to the mortgage industry, reports that it recently added 10 new credit union clients to its roster.

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October 23, 2024

Will Better Days Bring Bigger Risks? Sponsored Content from First American

Even before the Federal Reserve cut rates by 50 basis points, sentiment among our lender clients had shifted noticeably. They were more optimistic and, for the first time in two and a half years, focused once again on capacity and not just cost reduction.

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October 01, 2024

Proactive quality control for lenders: How to navigate market shifts, regulatory changes and improve loan quality

With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. This shift is welcomed good news given the tough origination market over the last two years. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year.

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September 23, 2024

ACES: Mortgage Defect Rate Rises in Q1 After Five Straight Quarters of Decline

The rate of defects in mortgage loans post closing increased 3.27% to 1.58% in the first quarter, ending five quarters of decline, according to ACES’ Mortgage QC Q1 Industry Trends Report.

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September 20, 2024

Critical defects in mortgages remain low, but uptick during Q1 is ‘troubling’

Upswing in critical defects halts five-quarter streak of declines

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September 19, 2024

Loan quality takes a hit even as mortgage origination volume slows

A report from ACES Quality Management says that lenders must be more watchful in quality-control efforts

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July 08, 2024

Quality (E)valuations: Ensuring Appraisal Integrity through QC

Appraisals are crucial in the mortgage process as they determine the value of the collateral securing the loan. Issues of biased and inaccurate appraisals have drawn attention from government-sponsored enterprises (GSEs), regulatory bodies, and consumers.

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